Uzbekistan improves banana import logistics, but imports decline

Published 2023년 6월 13일

Tridge summary

Uzbekistan has seen a decrease in banana prices, making them cheaper than in Georgia and Moldova, due to increased trade efficiency and the elimination of import duties on fruits not grown in the country. Despite a 27% decrease in banana imports in the first four months of 2023, falling prices are expected to increase imports. Currently, Ecuador is the primary supplier, but the use of a pooling system could further reduce costs for supermarket chains and importers, potentially saving over $10 million annually.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

EastFruit analysts draw attention to the continued increase in the efficiency of banana trade in Uzbekistan, which allows them to reduce their price relative to other countries. In particular, the wholesale price of bananas in Uzbekistan is now even lower than in Georgia and Moldova. At the same time, Georgia has access to the sea, and to get to Uzbekistan, bananas have to cross the borders of at least two states by land! Obviously, a positive role in reducing the relative cost of bananas in Uzbekistan was also played by the zeroing of import duties on imported fruits that are not grown in the country for climatic reasons, or are grown in insufficient quantities. In addition, a banana is a very convenient product for supermarket chains that are booming in the country. However, if in 2022 Uzbekistan imported a record volume of bananas, then in 2023 the import of these fruits is declining. In particular, in the first 4 months of 2023, the import of bananas to Uzbekistan amounted to ...
Source: Eastfruit

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